Billionaire Fertitta enters the Food Delivery Business -with- Purchase of WAITR for $308 million

Landcadia – Will merge with WAITR

Trade under the new name “WAITR Holdings” upon Closing -&- Trade on the Nasdaq

https://goo.gl/aq7Am2

 

“WAITR” is a =>  Food Delivery Technology App

WAITR’s only “public” comparable is ==>  “GrubHub” / Nasdaq: GRUB @$102.65

GRUB sells at an Astronomical =>   13X Times / SALES  

 

TILMAN FERTITTA tells “CNBC” that WAITR generated:

$125 million in Sales for 2017…

Tilman says WAITR Sales in 2018 are expected to be around $250 million -and-

He projects WAITR sales to be about “$500 million” in 2019

Also says that after the DEAL closes ….

LANDCADIA will cease to exist … Change its name to WAITR  -&-  WAITR will then trade on the Nasdaq

Fertitta also states that after Closing ….

WAITR will still have/retain ==>  $150 MILLION in CASH

He expects that WAITR will go into immediate “Acquisition Mode”

Henley & Company LLC